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0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

0x.org

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Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#81

Post by tudorconstantin »

patricklorio wrote: post #47

Given the limitations of 0x, I never thought of it as a good protocol for real-time exchanges (ie Coinbase Pro). For me, it's always fit more into a decentralized Over the Counter (OTC) trading alternative.

The speed of execution limitation is not because of 0x, but because of how fast a tx can be registered on the block chain. It can't compete (they say for now) at settlement speed with a high performance centralized exchange.

But you have to trust those centralized exchanges with your funds. While with 0x you don't have to. One could say centralized exchanges can't compete on trustlesness with decentralized ones.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#82

Post by 34r45sdg »

nurettin wrote: post #73
nostrademons wrote: post #59

Earlier quoted context omitted.

You can't with 0x, at least not in the way you could at say Bitfinex or Binance. All of the assets remain in your personal Ethereum wallet until a trade is matched up. That's the genius of the 0x protocol. The Relayers that LaunchKit lets you create are effectively just order books or other matching-engines that exist as a website or other service. They expose completed trades to the 0x smart contract, which atomical…

> That's the genius of the 0x protocol pretty proud that I stopped reading right here at the sales pitch to let you know that all coins are scams, every single person and group who tries to build a coin trading community using telegram is a scammer, there is no use for a blockchain in any foreseeable human endeavour or venue and it was all a big mistake. You may proceed.

except bitcoin of course, the best money and the only useful application of a blockchain ever

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#85

Post by holler »

tudorconstantin wrote: post #81
patricklorio wrote: post #47

Given the limitations of 0x, I never thought of it as a good protocol for real-time exchanges (ie Coinbase Pro). For me, it's always fit more into a decentralized Over the Counter (OTC) trading alternative.

The speed of execution limitation is not because of 0x, but because of how fast a tx can be registered on the block chain. It can't compete (they say for now) at settlement speed with a high performance centralized exchange. But you have to trust those centralized exchanges with your funds. While with 0x you don't have to. One could say centralized exchanges can't compete on trustlesness with decentralized ones.

> But you have to trust those centralized exchanges with your funds

Why should I trust a decentralized exchange more than a centralized one as an average citizen of the world?

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#86

Post by deepspace »

xrd wrote: post #78
deepspace wrote: post #69

Does the Pro version come with a free fake-your-death-in-india package?

I'm not surprised you are getting downvoted but that's pretty funny.

My fault for failing to remember how thin-skinned crypto enthusiasts are. Have never met one with a sense of humor.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#87

Post by baby »

leoplct wrote: post #17

Why should I launch an exchange when there are already hundreds of existing exchange? As a entrepreneur: Exchange services is very difficult to differentiate. It’s a commodity service. Why should I invest in marketing to promote my new exchange? As a customer: Why should I buy tokens? - Most of existing tokens have not active project behind - Many times the token is useless for the project and it will not increase in…

I'll give you my answer because I have a project which could have used this.

I created a dapp that allows people to do [stuff] which generate some erc-20 token for users. They can then use this token to access special features on the dapp.

It's easy to let users send and receive the tokens they have. But I want the token to have a value outside the dapp itself.

Unfortunately I cannot get this token accepted on coinbase and other exchanges. Just because it is not important enough.

I still want people to be able to sell or buy these tokens. The next best idea is to create a small exchange platform on my dapp: let people trade the token for ether or for other tokens. It's time consuming to code so I gave up.

Now this is where this thing would have been great.

Hope this helps.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#88

Post by v64 »

banachtarski wrote: post #74
rib3ye wrote: post #42

Earlier quoted context omitted.

Think more broadly about what an "exchange" could be. You're thinking crypto forex, but consider a crypto-kitty bidding platform or a virtual game item marketplace.

I'm thinking a database.

If you're willing to trust the entity holding your assets, then a database will suffice. The non-custodial features of 0x enable exchange without reliance on third parties.

Re: 0x Launch Kit – Launch your own cryptocurrency exchange or marketplace

#90

Post by xur17 »

wolco wrote: post #67
woah wrote: post #44

Earlier quoted context omitted.

You can’t steal the tokens if you are running a 0x exchange.

Only 0x can steal them

That's not true. Nostrademons [0] explains it better, but in short, trades occur atomically, so the assets never leave your possession.

[0] https://news.ycombinator.com/item?id=20044091

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